Using the Product Lifecycle - Deepstash
Using the Product Lifecycle

Using the Product Lifecycle

There are different stages of a product and different strategies apply to each of them: 

  1. Market Introduction: High costs, low sales, little competition, customer education, marketing investment, low profitability
  2. Growth: Declining costs, higher sales volumes, profitability appears, brand awareness, competitors appear
  3. Maturity: Declining costs, sales at peak, more competitors, brand differentiation needed, profitability declines
  4. Decline: costs not optimal, sales decline, prices fall, profitability depends on efficiency of production and distribution

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magdamihalache

User Researcher, passionate about behaviours and building the right products. I 'stash' about research, self-development and education.

Having a used product is more important than product market fit and usability

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